Oversupply concerns keep gains limited under pivotal barrier at $70.20
WTI oil holds in red and eased to $69.55 on Tuesday, reversing a part of previous day's strong rally, as report showed that OPEC output rose to the highest this year, raising concerns about oversupply.
However, pullback was so far limited…
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Bullish bias above 0.74 handle
The Australian dollar rallies for the third day and hit session high at 0.7433, supported by strong Australian building data, with weaker than expected China PMI data, showing no impact.
The pair eased in early European trading but holds…
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Bulls could extend to MA barriers and bear-channel resistance but BoE is expected to be key driver…
Cable stands at the front foot on Tuesday and pressures previous day's high at 1.3152, to extend gains towards converged 20/30SMA's (1.3169/75) which guards channel resistance at 1.3219.
Daily techs are slightly improved and supportive for…
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Bulls pressure triangle upper triangle boundary; data could help
The Euro maintains bullish tone on Tuesday and extends rally from 1.1620 trough into third straight day.
Monday's strong rally which resulted in penetration and close in the daily cloud, was bullish signal.
Fresh strength broke above…
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Initial range remains intact after BoJ; Fed eyed for stronger signals
The pair spiked to one-week high at 111.46 after BoJ decision, but gains were so far short-lived and capped by sideways-moving 20SMA, reinforced by formation of bear-cross with falling 10SMA, keeping week-long congestion intact.
The Bank…
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Bullish tone in early US trading as fresh bullish acceleration penetrated daily cloud
The Euro stands at the front foot in early US trading and probes above 1.17 barrier. Fresh strength was sparked by solid German CPI data and weaker dollar, broke through a cluster of daily MA's and penetrated thick daily cloud, which…
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Lira’s fresh bearish pressure exposes all-time high and psychological 5.00 barrier
The Turkish lira came under increased pressure on Monday after new political turmoil over the weekend resulted in threats of US President Trump of imposing sanctions on Turkey.
The USDTRY pair probed above 4.90 barrier, hitting the highest…
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Fresh strength pressures key barrier at $70.20
WTI oil regained traction on Monday and probes above psychological $710 barrier for the first time since 19 July.
Worries about global supply continue to underpin oil prices but support is partially offset by lowered tension about global…
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Directionless n/t mode but bias remains negative; FOMC in focus
Spot Gold holds within tight range on Monday after Friday's trading ended in Doji candle but maintains bearish bias as daily techs remain in full bearish configuration.
Monday's action holds above Friday's low at $1217 but upside attempts…
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Directionless mode ahead of key events this week
The Australian dollar holds in directionless mode on Monday, unable to extend Friday's strong recovery rally, as daily techs remain negative and maintain bearish tone.
Overnight's dip of equities dragged Aussie lower, but the downside…
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